ADM Expands Destination Marketing Capabilities with Completion of Industries Centers Acquisition
July 19 2017 - 3:15AM
Business Wire
- ADM Israel will offer global
capabilities to meet customer needs in Israel
Archer Daniels Midland Company (NYSE: ADM) announced today that
it has completed its acquisition of a controlling interest in
Industries Centers, which will now be known as ADM Israel.
“By combining ADM’s unparalleled global network with the
experience and capabilities of Industries Centers, ADM Israel
offers customers in Israel unequalled service, including end-to-end
supply chain management,” said Joe Taets, president of ADM’s
Agricultural Services business unit. “We’re looking forward to
expanding to offer both new and existing customers in Israel a wide
array of products, from soybean meal to grains to feed
ingredients.”
ADM Israel, which serves a significant and diversified customer
base within Israel, operates a 45,000 MT storage facility
strategically located at the Port of Ashdod.
“This is yet another way in which ADM is expanding its global
origination and distribution network into new geographies, and
growing our capability to deliver products from around the globe
directly to customers,” Taets added. “From our Medsofts joint
venture to our ports on the Black Sea to our new venture here in
Israel, we are committed to enhancing our global origination and
logistics capabilities so that we can offer customers around the
world best-in-class service.”
Omer Eran, CEO, ADM Israel, added, “Having been a customer of
ADM for so many years, it is a proud day for all of us at
Industries Centers, as we partner with ADM and begin a new journey
together as ADM Israel.”
Forward-Looking Statements
Some of the above statements constitute forward-looking
statements. ADM’s filings with the SEC provide detailed information
on such statements and risks, and should be consulted along with
this release. To the extent permitted under applicable law, ADM
assumes no obligation to update any forward-looking statements.
About ADM
For more than a century, the people of Archer Daniels Midland
Company (NYSE: ADM) have transformed crops into products that serve
the vital needs of a growing world. Today, we’re one of the world’s
largest agricultural processors and food ingredient providers, with
approximately 32,000 employees serving customers in more than 160
countries. With a global value chain that includes approximately
500 crop procurement locations, 250 ingredient manufacturing
facilities, 38 innovation centers and the world’s premier crop
transportation network, we connect the harvest to the home, making
products for food, animal feed, industrial and energy uses. Learn
more at www.adm.com.
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